Logistics
Business, Logistics

Some Shippers Implement Longer Payment Policies

Payments Chart

Some shippers are taking longer to pay freight bills, forcing carriers and brokerage firms to accept either discounts on invoices paid within a shorter payment cycle or to absorb additional expenses associated with extending credit to customers.

Daniel P. Bearth | Staff Writer
June 27, 2017
Business, Logistics

FedEx Posts $3 Billion Profit in Fiscal 2017; Freight Division Lags Express, Ground

FedEx truck Christopher Dilts/Bloomberg News

FedEx Corp. reported a sharp increase in annual profits, rocketing 65% year-over-year and easily beating forecasts by a consensus of industry analysts.

Ari Ashe | Staff Reporter
June 26, 2017
Business, Logistics

May Tonnage Gains 4.8%, Reversing Downward Trend

Truck tonnage rose 4.8% in May compared with one year ago, the largest year-over-year gain since November 2016, according to the monthly American Trucking Associations index, suggesting that the freight market has tightened in recent weeks.

Ari Ashe | Staff Reporter
June 26, 2017
Business, Technology, Logistics

Amazon Robots Poised to Revamp How Whole Foods Runs Warehouses

Fetch Robotics

When Amazon.com’s $13.7 billion bid to buy Whole Foods was announced, John Mackey, the grocer’s CEO, addressed employees, gushing about Amazon’s technological innovation.

Spencer Soper and Alex Sherman | Bloomberg News
June 26, 2017
Business, Equipment, Logistics

Jack Cooper Plans to Reorganize Debt; Auto Hauler Hopes to Avoid Chapter 11

A Jack Cooper car hauler Jack Cooper Holdings Corp.

Leaders of Jack Cooper Holdings Corp., North America’s largest auto hauler, are approaching completion of intense negotiations to reorganize a major portion of the company’s debt.

Jonathan S. Reiskin | Associate News Editor
June 26, 2017
Business, Equipment, Logistics

Preparedness, Adaptability Key for Logistics Stakeholders

Panelists at the Council of Supply Chain Management Professionals presentation touted preparedness in issues ranging from NAFTA to uncertainty about infrastructure spending.

Laurie Wiegler | Staff Reporter
June 26, 2017
Business, Logistics

Logistics Spending Dips to $1.39 Trillion in 2016

Gene Seroka Laurie Wiegler/Transport Topics

Anemic shipping volumes and weak pricing for transportation carriers in 2016 combined to push down total U.S. business spending on logistics, both in dollars and as a percentage of gross domestic product.

Jonathan S. Reiskin | Associate News Editor
June 26, 2017
Business, Logistics

FedEx to Open Distribution Center in Ohio

FedEx distribution center in Dayton Dayton Daily News/YouTube

FedEx Corp. will open a new distribution center outside South Dayton, Ohio, in a couple of weeks, a company spokesman confirmed with Transport Topics.

Laurie Wiegler | Staff Reporter
June 24, 2017
Business, Equipment, Logistics

Saddle Creek Expands Omnichannel Fulfillment Operations in Lexington, Ky.

Saddle Creek Logistics Services has announced the expansion of its omnichannel fulfillment operations in Lexington, Ky., to accommodate growth with existing customers as well as new business demand, according to a press release.

Transport Topics
June 22, 2017
Business, Equipment, Logistics

Schneider Responds to Industry Demand With New Phoenix Facility

Schneider Phoenix Schneider

A new Schneider facility opened June 22 in Phoenix. A truckload, intermodal and logistics provider, Schneider’s investment indicates its response to “industry demand by significantly investing in this growing region,” according to a press release.

Transport Topics
June 22, 2017

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